2120 Washington Blvd.Suite 400Arlington, VA 22204 202-842-3800www.fairlendingmagic.com

Fair Lending Magi  

P O I N T & C L I C K FA I R L E N D I N G A N A LY S I S

Fair Lending Magi ™  

Primary Purposes of Fair Lending Magic™:

Advantages of Web-based Software:

u Mortgage

u Auto

u Consumer

u Small Business

KEY FEATURES AND BENEFITS

H FAST SOPHISTICATED REPORTS IN MINUTES

H SIMPLE AND EASY WEB-BASED INTERFACE WITH POINT & CLICK FILTERING

H ELEGANT: CAN CREATE BEAUTIFUL MAPS AND CHARTS THAT DOCUMENT AND TELL YOUR STORY

H COST EFFECTIVE: THE BEST VALUE OF ANY CRA OR HMDA ANALYSIS TOOL ON THE MARKET

H INTUITIVE: EASY TO LEARN AND MASTER WITHOUT THE EXPENSE OF TIME CONSUMING TRAINING COURSES

H EXTENSIVE ON-LINE HELP

• Provide a low cost and easy to use fair lending solution for institutions/organizations of all sizes

• Institutions can self-monitor for lending practices that bank examiners and enforcement agencies consider discriminatory

• Allows lenders and enforcement agencies to identify potential lending violations of ECOA and FHAct

• Guides institutions to appropriate corrective action• Conducts powerful descriptive analyses using matched pairs, statistics,

and mapping • Perform CRA Reporting

• Easy maintenance - You’re always using the latest and greatest version • Easy installation - Why? Because there’s nothing to install, ever• Fully compatible with other systems because it is web-based• Secure - Everyone you trust has access to the data via username and

password• Mobility - You can work from home, work, or on the road; anywhere you

have an internet connection

A C O M P L E T E O N L I N E F A I R L E N D I N G S O L U T I O N

Loan Types Analyzed by FLM™

ORGANIZE AND IMPLEMENT FA IR LENDING MONITORING TODAY

Monitor for potential disparate treatment• Determinewhyapplicantswithequaltobettercriteriawere

treated differently

• Conduct Underwriting and Pricing-Side by Side matched pair analysis

• Analyze loanofficer and broker compensation

• PerformBench-mark/Overlap analysis

• Compare Approval/Denial rates in minority and non-minority areas

• IdentifydisparitiesinsideandoutsideofCRAassessmentareas

• Drilldownbynumerousfields

• Preventillegalredlining

Organize/Automate File Review Process• Assemblewithoneclickmultiplesetsoffairlendingworkpapers

• Preserveaccountabilityfromaqualitycontrolperspective

• Organizedatabytimeperiod,loantype,channel,companyoruserdefined

• Useloanunderwritingguidelinestoflagunderwritingexceptions

Build the Fair Lending Data Set for analysis

• AllowsfortheimportofHMDAsubmissionreadydata

• Appendadditionaldatatocreatearichdatasetforfair lending studies

• Importexistingelectronicsystemdatainavarietyofformats(HMDAPlus,originationorservicingsystem,Alertfile,LoanTrial balance, etc.)

• Abilitytoquicklyimportelectronicdatatobeginanalysis

• Possibletoupdateexistingrecordsinadatatable

• CombineandExportFairLendingDatasettoSpreadsheets

• AutomaticallyderiveloanproductsfromHMDAdata

• ImportCRAassessmentareasandMicroData

• Createstratifiedrandomsamples

• Geocodingadd-in

Determine the Scope of a Fair Lending Review• Identifytheloanproducts,markets,andprohibitedbasis

groupstobeanalyzedbasedon:

> Underwriting disparities

> Pricing disparities

> Market penetration disparities

> Retail and wholesale monitoring

> High-Side and Low-Side Overrides

Control for Relevant Factors• Limitanalysestospecificloanproducts

• Conductananalysisbaseduponaspecifictimeperiod

• Evaluatetheperformanceofaspecificloanofficerorbroker

• Analyzefocalpointsbygeographicareas

• MetroAreas(MSA/MD)

• State,County,City,townsandplaces

• TractDemographics(Minority,HighMinority, Non-Minority, etc.)

Use powerful statistics to make more informed decisions• Performlogisticregressionforunderwriting

• PerformOLSregressionforpricing

• ConductT-Test,ChiSquaretotestforstatisticalsignificance

• CreateScatterPlotstovisualizerelationsbetweenvariablesofinterest

Fair Lending Magi ™  

Race Estimation Add-in Available• Createprohibitedbasisestimatesfor

consumer, auto and business loans

• Estimateracial,ethnicandgendersurrogatesbased on surnames and block group demographics using the Racestimator™

• Hosted on a SAS 70 Secured Site approved by a bank regulator• Does not store personal identifiers• Access controlled through customer ID, user name and

password authentication• Loan identifiers are encrypted • Meets government mandated privacy standards

• Section 508 compliant for persons with disabilities

Fair Lending Magi ™  

Contact us today to schedule an Online Demonstration:

800-499-HMDA (4632) | www.fairlendingmagic.com

Fair Lending Magi ™  

Powerful Visual Reporting with Charts and Maps• Visuallydepictlendingpatternsinchartsandmaps

• Plotapplicationsandloansonfairlendingthematicmaplayers

• Exportchartsasxls,html,rtf,pdfandbmp

• Save,copyandpastemapimagesforuseinreports

Ask about the discount for the Fair LendingPatterns™ bundle of LendingPatterns™ and Fair Lending Magic™

Extensive Security and Compliance Features